ACC Ltd: Higher Realization Drives Marginal EBITDA Beat
Q1CY22 EBITDA declined 26% YoY/increased 14% QoQ to Rs6.3bn, marginally ahead of our estimates, led by better-than-expected realization. Blended...
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ACC Ltd: Cost Inflation Drags Margin; Upcoming Capacity to Drive Growth
ACC reported revenue growth of 3% YoY and Volume/EBITDA/APAT de-growth of 3%/26%/30% respectively YoY, attributable to lower volume growth and...
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Cement (Update): Is Holcim’s green focus reason for its India-exit stories?
Media reports are ablaze with talks of a potential exit by Holcim from Indian marketsNeither Holcim nor its Indian subsidiaries Ambuja and ACC...
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Cement Sector- 4QFY22 Earnings Preview- Steady performance expected amid severe cost inflation
Steady performance expected amid severe cost inflation 4QFY22 earnings of the cement sector will be characterized by the resilience of margins amid...
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ACC Ltd: Challenging Quarter, Upcoming Capacity to Drive Growth!
We value ACC at 10.5x its CY23E EV/EBITDA to arrive at a TP of Rs 2,620/share, implying an upside of 22% from the CMP. We maintain our BUY rating...
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